HC Deb 20 July 1981 vol 9 cc44-5W
Mr. Sims

asked the Secretary of State for Trade what plans he has to introduce tighter controls over investment management following the collapse of the Norton Warburg group; and if he will make a statement.

Mr. Eyre

The Licensed Dealers (Conduct of Business) Rules 1960 are being re-examined and are to be amended as soon as possible, to the extent permitted by the Prevention of Fraud (Investments) Act. More fundamental changes would require primary legislation for which I see no scope in the present Parliament. But my Department is considering the implications of current investigations, including the police inquiry in the Norton Warburg group.

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